Posted by: vindyne8

Finova Financial Unveils JOBS Crypto OfferingRegulated public securities offering would allow non-accredited investors to use cryptocurrency to invest in established companiesNovember 8, 2017

Palo Alto – November 8, 2017 – Cooley advised Finova Financial on the creation of a fundraising process known as a JOBS crypto offering or JCO. The offering, when completed, will give investors the opportunity to invest in equity ownership of previously privately held companies using cryptocurrency.

Posted by: vindyne8

The CEO of Finova – who has an extensive finance background and was most recently the CEO of a MasterCard and Telefonica joint venture for mobile payments – sees the JCO as a way for startups to raise capital, with the structure and regulation of private equity, but without the high cost of raising via VCs.